Investment Offering Available for Sale

Office for Sale
Catylist Listing ID: 30520798
Property Subtypes: Office Building
Building Size (RSF): 10,976 SF
Gross Land Area: 0.62 Acres
Sale Price: $1,400,000
Unit Price: $127.55 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 8.5%
Last Updated: 12/5/2019

Overview / Comments

Investment Opportunity! This complex is built as two separate office buildings, each devised to house three tenants. It is fully leased and enjoys a professional tenant mix of medical, legal and legal support service professionals.

Attachments & Media

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Taxing Authority: Ocean City/Wright Fire (District 12)
Tax ID/APN: 35-1S-24-2740-000B-0010
Zoning: COM
Property Located Between: Shadow Ln and Shady St
Property Visibility: Excellent
Site Description: 0.62 acre parcel with 112 FT of frontage on Lewis Turner Boulevard.
Area Description: Well traveled business corridor with over 31,000 CPD; high traffic corridor. Convenient to Medical, Financial and Governmental Institutions. Minutes to area hospital. Surrounded by professional and retail service industry.
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 2008
Exterior Description: Extremely well maintained and attractive red brick buildings with dormer windows above. Covered walkways across the face of each building and each unit benefits from conditioned storage overhead.
Parking Type: Surface
Parking Description: 12-16 Parking Spaces
Total Parking Spaces: 16
Lot Frontage: 112
Lot Depth: 260
Legal Description: In file.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,798 47,050 67,172
Median Age: 36.59 38.35 38.62
Households: 3,038 20,064 28,308

Contact

Photograph of Listing Agent

DeeDee Davis

NAI Pensacola Gulf Coast CMLS Member
Photograph of Listing Agent

Jenny Noonan

NAI Pensacola Gulf Coast CMLS Member
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